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ACCUMULATION OF DISCOUNT A $ 2 0 , 0 0 0 , 4 . 8 5 % government bond that was due to mature in

ACCUMULATION OF DISCOUNT

A $

20, 000, 4.85 %

government bond that was due to mature in two years was purchased when the yield rate was

5.65 %

compounded semi

-

annually. Construct the bond schedule showing the accumulation of discount.

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